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kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding, how much do we love that in a rail? however, only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many railroads, we know that because we have backed away because of the coal. but they have something the other railroads don't have, consistently high growth, not that low single digit stuff and not susceptible to the cyclical nature of coal or the ongoing war between natural gas and coal in the fight to be fuel for american utilities. and that's why i'm naming it my new favorite railroad. even over and above union pacific, which is always been my favorite. don't get mad at me, union pacific. i used a great union pacific calendar, but it's december. that one's off the wall. anyway -- kansas city southern also saw some exposure to
kansas city southern should benefit from the auto rebuild that's needed in the wake of hurricane sandy. can't get this stuff to america fast enough. united states fast enough. thanks to the strength of the economy, the increasing volumes with declining costs. the gross margins are expanding, how much do we love that in a rail? however, only affects about 18% of kansas city southern's revenues. they do have some coal exposure, something that's crushed a great many railroads, we know that because...
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Dec 7, 2012
12/12
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you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look, i think
you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one...
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Dec 5, 2012
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you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000. >> that will add some jobs, that's not a fair comparison. >> so 200,000 minus 60 is 150 -- >> so you're right there. >> i don't think the economy has chang chang changed deappreciably over the last year. >> well, i think coming into friday's number, we're a little -- we don't think there's 80,000 worth of impact, might be closer to 40,000 or 50,000. whatever, there's been an impact and i agree with mark's point, 1 in about 150,000 job creation in the economy and i don't know that meaningfully changes. but i would say, if anything, the bias next year
you have fiscal cliff, you have hurricane sandy. are you optimistic about what's happening in the economy if you take out the potential shocks? >> i don't think we make any change at all. i think the job market is producing 150,000 jobs per month, that's what we've been producing since the beginning of the year, over the past year, past two years, some months we're a little lower, higher, sometimes seasonal adjustment. if you take this month's number and x out sandy, that's over 200,000....
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Dec 7, 2012
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>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what we'd like to see. >> maybe, tom, it is not that we are a nation of pessimists. it is that we're a nation of realists. maybe sort of from a strk turl long point of view we just have to get used to this. >> that's a great point. 150,000 is not good enough depending on your expectations for growth. if you're looking for 1.5% to 2% growth you are probably in the sweet spot. but if you are looking for something more, looking for 2.5% to 3% growth you need much more job growth to see that outcome. but we're not there. we don't think we'll get there. there's still too many headwind facing the small business segment
>> well, keep in mind one of the reasons expectations were so low going into this one was hurricane sandy which everyone expected to be a temporary effect. that didn't material az somewhat mi mysteriously and the labor department indicated it had no impact on the number. you're right, this is not good enough. this is a treading water pace of jobs. it is more of the same. it's not particularly good in the quality of jobs being created so net net i think it's okay but certainly not what...
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Dec 6, 2012
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post-sandy now reservations have come back from these airlines. there was a lot of worry of cancellations. >> because a lot of families still have not recovered from that. there was a thought that would be a much longer lag. >> bookings have returned to normal. that's key. >> kenny pulkari is here. there's no recipe. >> we might have to do takeout in the herrera household tonight. it's coming, guys, but it probably won't be here until tomorrow. you just have to wait. the market's kind of waiting, too. it's all on washington. i was impressed with yesterday the market was able to hold on to an advance in the face of apple. i think that boded pretty well. >> well, i think that's true but i think apple is a situation and issue unto itself. right? certainly it affects -- you saw what it did to the nasdaq yesterday. but for the broader market i think it does say a lot for the strength of the broader market in terms what have it wants to see. it wants to see the resolution. whether apple goes up or down. if we get a resolution of the fiscal cliff or the
post-sandy now reservations have come back from these airlines. there was a lot of worry of cancellations. >> because a lot of families still have not recovered from that. there was a thought that would be a much longer lag. >> bookings have returned to normal. that's key. >> kenny pulkari is here. there's no recipe. >> we might have to do takeout in the herrera household tonight. it's coming, guys, but it probably won't be here until tomorrow. you just have to wait. the...
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Dec 10, 2012
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some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have a little bit more certainty on taxes, on regulation, and the trajectory of fiscal policy going forward. >> what i hear you both saying, though, and you're talking about spending issue, and not worrying so much about that, but i also hear you saying it would be a big mistake to raise taxes. >> absolutely. yeah. >> but the top 2%, is that the least deleterious people to raise it on? >> yeah, it would be. but right now i'd prefer not to raise taxes on anybody. but if you're going to do it, then the people at the lowest propensity to consume -- >> you d
some of that is sandy. you can't disentangle it. i'm sure it would have been better if it weren't for the uncertainty. we saw how bad it was in the summer of '11 and it will be the same now. >> i very much agree with ian on this point, that the uncertainty is associated with the fiscal cliff is at least a percentage point on the fourth quarter. and could be more than that. it's just a lurking weight on the business sector. and if we are going to get this growth, i think we've got to have...
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sandy. it looks like those are coming down again. the big jobs report will be tomorrow, which will give us the real gauge of what's happen iin here. they expect only 77,000 jobs added. and the unemployment rate, they think, will tick back up to 8%. 77,000. why? because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people. >>> all morning we've been following major developments in both syria, in egypt and syria there are new fears that they could unleash nerve gas on some of the rebels. that's a report from nbc news, that syria is loading the component chemicals. cnn has not confirmed that report yet. egypt, protoasters have started to gather outside the presidential palace in cairo. lots of anger building after the new president gave himself extra powers. the protests were very violent last night. the clashes killed at least five people
sandy. it looks like those are coming down again. the big jobs report will be tomorrow, which will give us the real gauge of what's happen iin here. they expect only 77,000 jobs added. and the unemployment rate, they think, will tick back up to 8%. 77,000. why? because of superstorm sandy. you didn't have hiring, people getting jobs in the northeast because during that time the last month or so. >> jack welch right now, they went up after the election. >> those chicago people....
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he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now, guys. not taking questions today. >> heading home now, he says. story's very personal for one teenager. back home, who faces the impact of superstorm sandy everywhere he turns. he saved his family when that storm hit. he lost his home. and his school. but he hasn't lost his spirit. poppy harlow spent a day with ryan panetta in the broad channel neighborhood in new york. this is queens. take a look. >> reporter: the sun isn't up at breakfast time for the panettas. how tired are you? >> very. >> reporter: they're living in a borrowed one-bedroom apartment with their parents. how long is you
he's lobbying for more federal dollars for superstorm sandy recovery. new jersey governor estimates the storm did some $37 billion damage to his state. cameras were rolling as we caught the governor arriving at the white house this morning. and then he headed to capitol hill to meet with members of congress. >> good morning. >> going home, guys. see you later. >> aid for state, considering the fiscal cliff and this budget crisis we're in right now? >> heading home now,...
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except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50 largest companies. one economist says the move is imminent. when it moves into an index like that, portfolio managers and fund managers buy it, because many of them have funds that track the s&p 500. >> how do you feel about that jobs report? . . >> i would like to see a triple digit number, but i don't think we'll see it because of sandy, end of the year, companies are nervous. >>> we're watching a developing story in egypt where protests in the streets are expected against the country's president again. we are live from cairo after a quick break. >>> and rescue. a woman saved after police say her ex-husband t
except for sandy, jobs would have been doing better, and sandy is seen as a temporary factor. >>> another usual factor, the layoffs and strikes from hostess. hostess filed for bankruptcy last month. want to bring you up to speed on facebook. facebook moving up. the social network will be listed on the nasdaq 100 next week and could be added to the s&p 500 very soon. shares are down nearly 30% since the ipo. but with the market value about $60 billion, it would rank among the top 50...
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later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male announcer ] dosing and application sites between these products differ. women and children should avoid contact with application sites. discontinue androgel and call your doctor if you see unexpected signs of early puberty in a child, or, signs in a woman which may include changes in body hair or a large increase in acne, possibly due to accidental exposure. men with breast cancer or who have or might have prostate cancer, and women who ar
later this hour. >>> it's going to take massive amount of money to help the northeast recover from sandy. some $36 billion in new jersey alone. and now it's governor chris christie pushing the federal government to pick up 100% of that cost. if you are one of the millions of men who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement...
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Dec 10, 2012
12/12
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scholar's is one of hundreds of new york schools damaged by superstorm sandy. gone are the plays in this auditorium. ♪ >> this is our grand piano, or was our grand piano. these were brand new curtains that we fought for years to get. they're still wet. >> reporter: the sea wolves marching band and the winning teams silent for now. the instruments and uniforms flooded in sewage. the gym now a construction zone. >> hey, guys, thank you for your hard work. >> reporter: this school's 1,100 students are being bussed to temporary schools like ps-13. >> we have students on the stage. they have the conference rooms, everything. we're using every single space in the room. we had little nooks. they're in nooks everywhere. >> reporter: honor student ryan panetta lost his home to sandy and his school. he told us what scholars' means to him. >> it was just fun to be there. like made kids actually like want to learn. >> reporter: fred is working to fix the school where his father worked and where he studied. he dreams his son will go there one day too. >> it's the best hig
scholar's is one of hundreds of new york schools damaged by superstorm sandy. gone are the plays in this auditorium. ♪ >> this is our grand piano, or was our grand piano. these were brand new curtains that we fought for years to get. they're still wet. >> reporter: the sea wolves marching band and the winning teams silent for now. the instruments and uniforms flooded in sewage. the gym now a construction zone. >> hey, guys, thank you for your hard work. >> reporter:...
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a brave young boy who lost his home and his school in hurricane sandy. well, he is now talking about coping with life. >> when something brings you down, you got to get up. >> you okay, buddy? >>> one family is doing more than a lot after the tragedy that destroyed tens of thousands of homes on the east coast. [ wh] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. [ woman ] ♪ what i want this season ♪ if you'd like to try and guess ♪ ♪ it is something very special ♪ i would readily confess [ dogs barking ] ♪ 'cause all i want this season ♪ ♪ is something from your heart ♪ la da da, la da da [ male announcer ] thinking of others this holiday season, travelers. anne's tablet called my phone. anne's tablet was chatting with a tablet in sydney... a desktop in zurich... and a telepresence room in brazil. the secure cloud helped us get some numbers from my assistant's pc in ne
a brave young boy who lost his home and his school in hurricane sandy. well, he is now talking about coping with life. >> when something brings you down, you got to get up. >> you okay, buddy? >>> one family is doing more than a lot after the tragedy that destroyed tens of thousands of homes on the east coast. [ wh] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [...
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. >> i'm looking to see what kind of impact sandy had on those numbers and maybe fiscal cliff holding some employers back tomorrow. >> so bad news? >> we'll see. >> for now we all know the siren mogul. >> but the ceo, howard schultz, some sobering advice to offer on the looming fiscal cliff. the consequences will be worse than last area's debt ceiling fight, when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the time to play politics. you've got to do the right thing for the american people. >> i think if people would get in the room and leave their ego behind and not be so skewed towards the party, but be so sensitive to the lens to have the american people, we will have an agreement. >> poppy harlow joins us now with more of her conversation with howard schultz. much of the conversation has been about, you know, what's the best thing to do for this country, but it's a globe -- he says the whole world is watching. >> yeah, that it has massive consequences for the entire world. but you want to ask someone like howard schultz who ru
. >> i'm looking to see what kind of impact sandy had on those numbers and maybe fiscal cliff holding some employers back tomorrow. >> so bad news? >> we'll see. >> for now we all know the siren mogul. >> but the ceo, howard schultz, some sobering advice to offer on the looming fiscal cliff. the consequences will be worse than last area's debt ceiling fight, when the u.s. credit rating was downgraded for the first time ever. his message to lawmakers, now is not the...
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the republican governor was here in washington to talk about hurricane sandy relief efforts, and now they're in danger of going over the fiscal cliff with the rest of the country at the end of the month. our national political correspondent jim acosta has been covering this story for us. what's the latest with chris christie in washington. >> reporter: this is some of the unintended consequences of the fiscal cliff. after a series of meetings with the president and house speaker john boehner, new jersey governor chris christie had little to say as he left washington, but as other senators we spoke to see it, the jersey shore may be running head on into the fiscal cliff. he visited the president at the white house, then he met with senators from his own state before slipping in to meet the speaker of the house. >> going home, guys. see you later. >> reporter: but then chris christie, a potential presidential candidate who is rarely at a loss for words, departed the nation's capital in near total silence. as it turns out, the new jersey governor's quest for money to rebuild the battere
the republican governor was here in washington to talk about hurricane sandy relief efforts, and now they're in danger of going over the fiscal cliff with the rest of the country at the end of the month. our national political correspondent jim acosta has been covering this story for us. what's the latest with chris christie in washington. >> reporter: this is some of the unintended consequences of the fiscal cliff. after a series of meetings with the president and house speaker john...
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Dec 5, 2012
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but sandy's fingerprints will be over this data. you're going to see fewer jobs created than expected because sandy kept companies from hiring, people from going out and finding jobs because that was a big disruption in the northeast. we'll start to see the effects of sandy, expected to be temporary but you will see that. >> do you think it will be big some. >> i think that -- i think that -- i think that sandy is going to mean tens of thousands of jobs at least. >> all right. >> more on that tomorrow. >> thank you. >> extreme make-over gop edition. >> paul ryan, marco rubio set a course for rebranding the republican party. >> can you guess the word of the year for 2012? your odds of getting it right are better than in previous years. that's because there are two words almost always looked up together. >> powerball. >> that's your hint. this holiday, share everything. share "not even close." share "you owe me..." share "just right." the share everything plan. sharable data across 10 devices with unlimited talk and text. get a droid
but sandy's fingerprints will be over this data. you're going to see fewer jobs created than expected because sandy kept companies from hiring, people from going out and finding jobs because that was a big disruption in the northeast. we'll start to see the effects of sandy, expected to be temporary but you will see that. >> do you think it will be big some. >> i think that -- i think that -- i think that sandy is going to mean tens of thousands of jobs at least. >> all right....
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Dec 2, 2012
12/12
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this one will give us a good sense of how hurricane sandy affected employment. that will do it for me. "cnn newsroom" continues with don lemon. thank you for tuning in. have a great week. and don, looking forward to seeing your show. >>> you were talking about my shoes and someone said, don't tell her that's your usher board uniform. >> which you still have to bring in. i keep asking, where is your usher board uniform, don? >> i was in new york last week and deb let me use her office. >> i even cleaned it up for you. >> thank you, deb. see you soon. always a pleasure. hi, everyone. we are going to get you up to speed on the day's headlines here on cnn. fiscal cliff talks are turning into a high-stakes game of chicken. secretary tim geithner said there's no deal unless republicans agree to raise taxes on the wealthy. >> if they are going to force higher rates on virtually all americans because they are unwilling to let tax rates go up on 2% of americans, then that's the choice we'll have to make. >> republicans are furious. they don't like democrats drawing a red
this one will give us a good sense of how hurricane sandy affected employment. that will do it for me. "cnn newsroom" continues with don lemon. thank you for tuning in. have a great week. and don, looking forward to seeing your show. >>> you were talking about my shoes and someone said, don't tell her that's your usher board uniform. >> which you still have to bring in. i keep asking, where is your usher board uniform, don? >> i was in new york last week and deb...
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Dec 2, 2012
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experts think superstorm sandy could affect this. a lot of people having a hard time getting around, power is out. really put a lot of folks behind. we'll see how that goes. on saturday, a big day for college football fans. heisman trophy winner will be announced. we'll find out who the best player in college football is. last year, can you remember who it is? nfl star robert griffin iii won the heisman. that's your week ahead. >>> well, his name was jordan davis, a 17-year-old boy who was shot and killed at a florida gas station. it all happened after a dispute over loud music. now those closest to davis are saying good-bye as they struggle to understand why this happened. our george howell has the story. >> reporter: as family and friends laid 17-year-old jordan davis to rest, it's the reason for his death that has mourners here baffled. >> that was just terrible. that should never happen. >> the last time i spoke to him was thursday night on thanksgiving. and it's just all hard because i miss him so much. >> reporter: it happened
experts think superstorm sandy could affect this. a lot of people having a hard time getting around, power is out. really put a lot of folks behind. we'll see how that goes. on saturday, a big day for college football fans. heisman trophy winner will be announced. we'll find out who the best player in college football is. last year, can you remember who it is? nfl star robert griffin iii won the heisman. that's your week ahead. >>> well, his name was jordan davis, a 17-year-old boy who...
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Dec 7, 2012
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we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you have this people who say this report is very important. it's going to be driving the conversation on the fiscal cliff. we only have 25 days until the tax hikes and spending cuts start to take effect. here is the thing. this number came in much better than expected, don. so the bad part about this is that it may not motivate all those politicians on capitol hill as much as it may have, if it came in much weak er. this may not light the fire, so to speak. that could be the downside to the upside surprise to the number. don? >> alison, stick aro
we still need to see the full impact of sandy. also with the election over, there aren't any sort of bigger imt implications for the presidential race. because the numbers are so foggy, the federal reserve isn't likely to look at this number as a real trend maker. the central bank. it's already said it keeps stimulating the economy even after the labor market gets better. we know this isn't likely going to steer the central bank in one direction or another. you flip the coin over, though, you...
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Dec 8, 2012
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. >> president obama is asking congress for more than $60 billion for states affected by superstorm sandy. officials from states hardest hit say the money is just a start. with the fiscal cliff looming the staff is sure to face some resistance on capitol hill. >>> he spoke at this year's democratic national convention as an independent, but now former republican florida governor charlie crist is a proud democrat. crist posted a twitter photo friday showing his registration papers tweeting that he's proud and honored to join the party in the home of president obama. crist ran for the u.s. senate as an independent in 2010, but was defeated by marco rubio. some are speculating this move is in preparation for another run for governor against rick scott in 2014. >>> the supreme court has decided to take up two major same-sex marriage cases. the first is the defense of marriage act. the 1996 law denies federal benefits to legally married same-sex couples. right now around 120,000 legally married same-sex couples in the u.s. the second is california's proposition 8. that made same-sex marriage i
. >> president obama is asking congress for more than $60 billion for states affected by superstorm sandy. officials from states hardest hit say the money is just a start. with the fiscal cliff looming the staff is sure to face some resistance on capitol hill. >>> he spoke at this year's democratic national convention as an independent, but now former republican florida governor charlie crist is a proud democrat. crist posted a twitter photo friday showing his registration papers...
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Dec 3, 2012
12/12
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even with freakish weather, sandy the latest, we are not talking much about climate change and sandy brought us flooding in new york city and a blizzard in west virginia. yet, many politicians believe the pattern of extreme weather is natural. arizona's republican governor jan brewer among them. >> everybody has an opinion on it. you know? and, you know, i probably don't believe it's manmade. i believe that, you know, whether in certain elements are controlled maybe by different things. >> it's no doubt a hot button after we found out after ask the govern nor. >> why in the hell did that question come from? >> well, the reporter asked brewer that because she was just about to go in to the western governor's association to talk about energy. bill nye the science guy is here to talk about climate change. hi, bill. >> greetings. >> greetings. >> carol. >> when you hear -- when you hear jan brewer, you say -- >> well, we as science educators have a lot of work to do. climate change is caused by people and there's new find where the ice sheets are melting faster than anybody expected. sea
even with freakish weather, sandy the latest, we are not talking much about climate change and sandy brought us flooding in new york city and a blizzard in west virginia. yet, many politicians believe the pattern of extreme weather is natural. arizona's republican governor jan brewer among them. >> everybody has an opinion on it. you know? and, you know, i probably don't believe it's manmade. i believe that, you know, whether in certain elements are controlled maybe by different things....
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Dec 4, 2012
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he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. the total? nearly $40 billion. >>> we've heard the controversy surrounding the food stamp program. another politician is taking the challenge to see what it's like for other people who rely on it. newark mayor cory booker is pledging to live off food stamps for one week, joining other celebrities like mario batali, colorado governor john hickenlooper, philadelphia mayor michael nutter and representative robert brady. joining me now is sister simone campbell. thank you, sister, for joining us this morning. >> glad to be with you, carol. >> i wondered what you felt about mayor booker's exercise. what do you think? is he doing the right thing? >> i think anything that brings attention of ordinary folks to the struggle of people, low-income neem our society, this probably is a step forward. i think he will find it quite challenging. when we were in milwaukee during a tour, our bus tour, we discov discovered a man and his wife and two kids who used food stamps for breakfast and lunch durin
he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. the total? nearly $40 billion. >>> we've heard the controversy surrounding the food stamp program. another politician is taking the challenge to see what it's like for other people who rely on it. newark mayor cory booker is pledging to live off food stamps for one week, joining other celebrities like mario batali, colorado governor john hickenlooper, philadelphia mayor michael nutter and...
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you didn't see a real pullback because of sandy in the numbers. maybe that will come in next month. look at the unemployment rate on the right there. 14.4%. the real unemployment. people that are working part time, want to be working full time, people out of work. >> by the way, that unemployment number, real unemployment number, is the same one we have low unemployment, too. when we low unemployment, it is actually high when you get the real numbers. >> these are the sectors we are flipping through. 43,000 jobs created. anyone trying to get your kid in college, government pointed out computer systems analysts and related fields very strong demand. that fits in that professional business services. good pay in that field. let's talk about the breakdown of race. african-american unemployment went down a little bit. 13.2%. >> still way too high. >> notice the disparities between the worker groups are still a problem. structural problems there. but the african-american unemployment rate went down and that's the trend. we have two years and change now of -- month after month of solid job
you didn't see a real pullback because of sandy in the numbers. maybe that will come in next month. look at the unemployment rate on the right there. 14.4%. the real unemployment. people that are working part time, want to be working full time, people out of work. >> by the way, that unemployment number, real unemployment number, is the same one we have low unemployment, too. when we low unemployment, it is actually high when you get the real numbers. >> these are the sectors we are...
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we've had sandy, and we have all of this debate going on over the fiscal cliff, that's driving us all crazy, right? >> yes, it is. >> and what it's also doing is that it has gotten the corporate seblgtor in a position where they're not vin investing. they're waiting to see what's happening. nonetheless, we're still creating jobs. if you take into consideration the fact that we have those things, those neglect factors in at the same time regenerating jobs, and that means that there's a significant potential for the economy to grow. >> is it possible that this whole debate and the fiscal cliff, whether or not we go over it or not, would bakt how many people are working the next year? >> it will definitely impact, but i think what the numbers are telling us and what we've seen for the last couple of months is that the affect will not be as great as most people are predicting. you know, we kind of got this y2k kifr syndrome that's going on. it will certainly have an affect, but it also means that we can -- we're in a position to really craft a real comprehensive way to -- >> are these goo
we've had sandy, and we have all of this debate going on over the fiscal cliff, that's driving us all crazy, right? >> yes, it is. >> and what it's also doing is that it has gotten the corporate seblgtor in a position where they're not vin investing. they're waiting to see what's happening. nonetheless, we're still creating jobs. if you take into consideration the fact that we have those things, those neglect factors in at the same time regenerating jobs, and that means that there's...
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Dec 7, 2012
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the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had the chance to reclaim anything. >> this is what you came home to two weeks after the storm. >> nick expected devastation, but not this. a seatcushion is all that's left of his family's summer home. two weeks after sandy, maria and his neighbors were finally allowed back into the area. but his house had been bulldozed. >> everyone else was here that week, that day, and i felt like a lost soul. everybody is taking clothing out, bringing their luggage, taking pictures out, whatever they could stuff in, and i had nothing to take. that was a shock. >> a long with shock came frustration over
the white house is questioning $60.4 billion for states affected by superstorm sandy. mary snow how as the unbelievable story of one man whose home survived the storm's wrath, but not what came next. >> reporter: you see one mangled home after another. this area was so hard hit, that residents are only allowed back in every three days to reclaim their possessions. that's a lot more than one man got after he returned home to find out that his home had been bu bulldozed, and he had not had...
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Dec 2, 2012
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and you just have been really busy during sandy. you responded to sandy and you rally have been helping the folks on long island out it near and dear to your heart. they all are, but this is really near and dear to your heart. >> i did grow up in long island. and it was amazing to see the storm surge and the wind that struck long island. we were literally just opening up roads for a week and a half, which is a long time, just to create access to communities. so the storm there was very powerful. we were able to clear roads and help ambulances get to people's homes and get people in need to the hospitals. we were able to power up critical buildings and do a lot more obviously. and it is just amazing to see such a powerful storm hit such a highly populated area. we don't usually see something like that happen. >> no, i've seen -- i saw the same thing when i was right in the middle of katrina. i understand exactly what you're talking about. it is something to see and behold but also the human spirit during those things is something to
and you just have been really busy during sandy. you responded to sandy and you rally have been helping the folks on long island out it near and dear to your heart. they all are, but this is really near and dear to your heart. >> i did grow up in long island. and it was amazing to see the storm surge and the wind that struck long island. we were literally just opening up roads for a week and a half, which is a long time, just to create access to communities. so the storm there was very...
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Dec 5, 2012
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in putting in new jersey because new jersey is the 40th anniversary of bruce springsteen and because sandy affected new jersey, too. they are bouncing back, too. and the sixth -- >> maybe you'll get a sighting of chris christie, and he will swear at you. >> that's an added bonus, getting sworn at. >> in jersey, it's a badge of honor. i worked in jersey for a long time. it's great to meet you. beautiful pictures too. for more on this list, check out cnn.com. it's awesome. >>> it's been a really big day in washington state tomorrow for some people because any adult there is going to be able to smoke marijuana legally. tomorrow. just a little bit, though. like an ounce, which to some people is not a little bit, but you don't need a reason. you don't need glaucoma or trouble sleeping. no medical reason at all. this might keep you awake. it is still illegal under federal law month matter whether you are in washington, colorado, which is in a month, or anywhere else. the state actually -- washington hasn't even checked yet with the feds to see how they're going to sort of deal with this lawinger
in putting in new jersey because new jersey is the 40th anniversary of bruce springsteen and because sandy affected new jersey, too. they are bouncing back, too. and the sixth -- >> maybe you'll get a sighting of chris christie, and he will swear at you. >> that's an added bonus, getting sworn at. >> in jersey, it's a badge of honor. i worked in jersey for a long time. it's great to meet you. beautiful pictures too. for more on this list, check out cnn.com. it's awesome....
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Dec 8, 2012
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president obama asked congress for $60 billion for states affected by superstorm sandy. the request comes at a time when lawmakers are arguing how every dollar is spent. >>> our fourth story "outfront," an historic announcement. the supreme court decided today it will hear two constitutional challenges to same-sex marriage laws. if the court were to follow public opinion, the decision could come down in favor of gay and lesbian couples. recent polling shows 53% of americans think same-sex marriage should be legal. 46% say illegal. and on election day, voters in three states approved same-sex marriage. "outfront," mckay coppins, tim carney and maria cardona, cnn contributor and democratic strategist. this is kind of big news in all of this. tim, you saw the polls. now the supreme court will get involved in this. should this signal something to the republican party? should they say it's reached this level, we need to rethink our position on this? >> polls are one thing. there's also the fact most states don't have gay marriage yet and most of those that do, it was not put
president obama asked congress for $60 billion for states affected by superstorm sandy. the request comes at a time when lawmakers are arguing how every dollar is spent. >>> our fourth story "outfront," an historic announcement. the supreme court decided today it will hear two constitutional challenges to same-sex marriage laws. if the court were to follow public opinion, the decision could come down in favor of gay and lesbian couples. recent polling shows 53% of americans...
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Dec 5, 2012
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he quantified the numbers by superstorm sandy. quote, superstorm sandy wreaked havoc on the job market in november, slicing an estimated 86,000 jobs from payrolls. >>> a quick market check right now, u.s. stock futures are still higher. fiscal cliff uncertainty is expected to weigh on stocks until that's resolved. we are 27 days until the fiscal cliff but there are only 27 days left until christmas. >>> before you part with your hard-earned money, some advice for smart is the new rich. some of the best things to buy in december, toys. but only if you wait until two weeks before christmas. tools and hardware. this is the time to buy school driver sets, lawn care tools, cooking and kitchenware. c cutl cutlery. things to stay away from, jewelry. you won't find low prices before gems and jewels before christmas. if you're going to propose wait until well after valentine's y day. electronics. best to wait until january or february. it's all about the bottom line, roland. newer models launched in later february, january. that's when you
he quantified the numbers by superstorm sandy. quote, superstorm sandy wreaked havoc on the job market in november, slicing an estimated 86,000 jobs from payrolls. >>> a quick market check right now, u.s. stock futures are still higher. fiscal cliff uncertainty is expected to weigh on stocks until that's resolved. we are 27 days until the fiscal cliff but there are only 27 days left until christmas. >>> before you part with your hard-earned money, some advice for smart is the...
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Dec 2, 2012
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time. 171,000 jobs were added, you may recall, in october, but experts think that maybe superstorm sandy might have slowed the growth this time around. we'll see if that really does have any affect on that jobs report coming out on friday morning. on saturday college football fans pay close attention here. the heisman trophy winner will be announced. we'll find out who the best player in college football really is. >>> who was the only sitting president married in the white house. if you know the answer, tweet me@randi kaye cnn. we'll have the answer after this quick break. [ abdul-rashid ] i've been working since i was about 16. you know, one job or the other. the moment i could access the retirement plan, i just became firm about it -- you know, it's like it just hits you fast. you know, you start thinking about what's really important here. ♪ or that printing in color had to cost a fortune. nobody said an all-in-one had to be bulky. or that you had to print from your desk. at least, nobody said it to us. introducing the business smart inkjet all-in-one series from brother. easy to u
time. 171,000 jobs were added, you may recall, in october, but experts think that maybe superstorm sandy might have slowed the growth this time around. we'll see if that really does have any affect on that jobs report coming out on friday morning. on saturday college football fans pay close attention here. the heisman trophy winner will be announced. we'll find out who the best player in college football really is. >>> who was the only sitting president married in the white house. if...
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Dec 4, 2012
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you know, governor christie estimates that sandy caused upwards of $20 billion of damages. >>> and the atlanta journal-constitution with more information about dozens of children and adults that were sickened by carbon monoxide poisoning at the local school there. at least 49 people were sent to the hospital yesterday. take a look at this. fire officials believe the heating system failed there. finch elementary had no carbon monoxide detectors, either. which, i guess, they're not required in georgia. and many parents complained they were left in the lurch because of poor communication. soledad o'brien will talk to a student, a parent and also a school official. so we'll get lots of sides there. >> also coming up, amazement and dismay. that's how fedex's ceo is describing the fiscal cliff crisis. i sat down with fred smith. hear what he has to say about he and other ceos are responding. [ nyquil bottle ] hey tylenol, you know we're kinda like twins. [ tylenol bottle ] we are? yeah we both relieve coughs, sneezing, aches, fevers. and i relieve nasal congestion. overachiever. [ female ann
you know, governor christie estimates that sandy caused upwards of $20 billion of damages. >>> and the atlanta journal-constitution with more information about dozens of children and adults that were sickened by carbon monoxide poisoning at the local school there. at least 49 people were sent to the hospital yesterday. take a look at this. fire officials believe the heating system failed there. finch elementary had no carbon monoxide detectors, either. which, i guess, they're not...
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Dec 4, 2012
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he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. fema generally reimburses states in the ballpark of 75% of costs following disasters like this. the governor says cleaning up and repairing new jersey after the superstorm could cost nearly $40 billion. >>> an extramarital affair ended his stellar career of public service. but not so long ago there was some serious talk that general david petraeus might run for president. some of that talk apparently even came from the top at fox news. washington post bob woodward writes about some private recordings in which fox news analyst k.t. mcfarland meeting with general petraeus in afghanistan in the spring of last year delivered a personal message from roger ales. >> he says if you're offered chairman, take it. if you're offered anything else, don't take it, resign in six months and run for president. okay. i know you're not running for president. but at some point when you go to new york next, you may want to just chat with roger and rupert -- >> well, rupert, look, what i have told people i
he wants fema to reimburse the state for 100% of its emergency costs following superstorm sandy. fema generally reimburses states in the ballpark of 75% of costs following disasters like this. the governor says cleaning up and repairing new jersey after the superstorm could cost nearly $40 billion. >>> an extramarital affair ended his stellar career of public service. but not so long ago there was some serious talk that general david petraeus might run for president. some of that talk...
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Dec 5, 2012
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. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now. >>> good morning. thank you so much for being with us. i'm carol costello. this should be interesting. speaker john boehner is meeting with house republicans who are angry at his new pitch to raise 8$800 million in fiscal cliff negotiations. we're expecting a news conference any minute now on that meeting. we'll bring it to you live. nancy pelosi spoke about it a few hours ago. here's what she had to say. >> i would hope that that would break the fall on the cliff, which is becoming more of a soil if they do that but really, we do need to put a down payment, not just in revenues which passing
. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now....
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Dec 10, 2012
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one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put more gasoline online. the third thing, this one's important, crude oil prices, which are really the underlying feedstock for gasoline, crude oil prices have remained low. as we are concerned about the fiscal cliff and a slowdown in the world's economy and in asia and in europe. so these are the three factors that have come together to give us a sustained drop in the price of gasoline almost over the last three weeks, wolf. >> is this a short-term development? what's in store over the longer term? >> we're into that lower driving season. obviously, spr
one is superstorm sandy took a lot of cars off the road. it really reduced demand for gasoline as you know. until recently there have been a number of gas stations in the northeast still without gas. people after realizing they weren't going to have as easy a time getting gas decided to make other plans it the storm itself took some roads out and took some people off the road. number two, there were some refinery issues in california going on at the same time. they've been resolved. that's put...
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told us that on the east coast lots of potential workers, they took fema positions to help out with sandy recovery. many of those jobs last longer than what ups can offer. experts say that that's also part of the problem, but the fact that people want to hold out for more permanent better paying jobs, but, susan, one other thing here, the issue of filling positions isn't just in lower paying fields. there's currently a big skilled worker shortage, but one consulting group says it's not that there's not workers out there. it's that companies, they're being too selective about who they hire, and they don't pay competitive wages, suzanne. >> wow. complicated picture there, but yol a lot of people still out of work. some companies can't fill positions. thank you. appreciate it. >>> they're smart, right? they're playful? very intelligent. why would someone want to kill dolphins? we are searching for a killer. e just right. perfection is in the details. ♪ get to holiday fun faster with pillsbury cookie dough. hurry in and try five succulent entrees, like our tender snow crab paired with savor
told us that on the east coast lots of potential workers, they took fema positions to help out with sandy recovery. many of those jobs last longer than what ups can offer. experts say that that's also part of the problem, but the fact that people want to hold out for more permanent better paying jobs, but, susan, one other thing here, the issue of filling positions isn't just in lower paying fields. there's currently a big skilled worker shortage, but one consulting group says it's not that...
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Dec 3, 2012
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governor cuomo said new york needs more than $40 billion to help clean up the damage caused by superstorm sandy and then potentially to prepare for future storms. >>> at least 49 elementary school students and adults had to be rushed to an atlanta hospital today because of a carbon monoxide leak. here is the thing. firefighters discovered the highest levels they have ever recorded of the deadly gas near the school's furnace. listen to the firefighter. >> obviously with carbon monoxide, the danger is going to be an affix ant, it could stop people from breathing. these children have been in the classroom since 7:30. our readings in the classroom were not quite as high as our reading at 1700 was near the actual furnace area. >> want to bring in george howell here. you brought in what i can only presume is a carbon monoxide detector. tell me about it and were there any of these in the school? >> this say professional carbon monoxide detector. this is what we use here at the cnn center. this will run you a couple thousand dollars. couple thousand of dollars for this. it is important to check. but fo
governor cuomo said new york needs more than $40 billion to help clean up the damage caused by superstorm sandy and then potentially to prepare for future storms. >>> at least 49 elementary school students and adults had to be rushed to an atlanta hospital today because of a carbon monoxide leak. here is the thing. firefighters discovered the highest levels they have ever recorded of the deadly gas near the school's furnace. listen to the firefighter. >> obviously with carbon...
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Dec 5, 2012
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hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public infrastructure that will likely need to be covered by other agencies. this includes damage to harbors and channels as well as roadways which will require significant funding through army corps and the department of transportation. for rhode island, which has felt the effects of the economic downturn as much as any state and today ranks second in the nation in unemployment, recovery from the third major disaster in three years will be a significant challenge. this is a point emphasized by governor chafee who wrote to president obama abou
hurricane sandy affected four counties. homes were uprooted, dunes were obliterated, sand was blown into coastal ponds and local roads, exposing underground pipes, septic tanged -- tanks and other ewityle -- utilities. the largest wave of the storm was recorded at 47 feet. the island sustained severe road damage. in addition to damage covered under disaster reparations issued by the president urn the staff act, preliminary damage reports indicate damage of approximately $40 million to public...
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Dec 9, 2012
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here we are with sandy. thank you very much for all that you are doing. we encourage you to use the fema funds provided as intended and as spelled out in the legislation. there's always the opportunity for supplementals. if you find there is something we have left out that need ashamed to don't be bring it before our attention. we appreciate you coming before us as we go forward trying to help the people recover from these terrible events. >> thank you for raising the issue of marine debris. that will be a huge issue for the northeast as it was on the gulf coast and those rules and regulations are all tied up in knots. let's use that opportunity to get that straight because there will be a lot of debris in the marshes, rivers, wetlands all along the east coast and it's not necessary for people to suffer the way that we did in trying to get to that debris because so many jurisdictions, etc. i want the staff to make a note of that to make sure we address that. senator mikulski. >> thank you, madam chair. >> if your not careful coming will have a mikulski an
here we are with sandy. thank you very much for all that you are doing. we encourage you to use the fema funds provided as intended and as spelled out in the legislation. there's always the opportunity for supplementals. if you find there is something we have left out that need ashamed to don't be bring it before our attention. we appreciate you coming before us as we go forward trying to help the people recover from these terrible events. >> thank you for raising the issue of marine...
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Dec 9, 2012
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when sandy struck, the devastation was great. the tidal surge exceeded the 100-year flood level by more than 2 feet. the storm crippled our transportation system, what -- causing widespread flooding and power outage. we had no choice but to shutter most of our facilities. as soon as the storm subsided, we began assessing the damage. our port suffered extensive flooding that toppled cargo containers, washed out access roads, twisted rail track, barges and debris tossed about on peers and less visible but more critical, damage electrical infrastructure. the flooding disrupted the region's supply train, causing significant damage, including destruction of more than 15 dhows mobile missile water. what korea had 100 million gallons of seawater flub airfield at one point you could not distinguish parts of the aeronautical areas from the bay. newark, it jfk, and peterborough airports suffered significant flooding. the port authority bus terminal, the primary facility for the region experienced a tremendous blow is commuter bus carriers
when sandy struck, the devastation was great. the tidal surge exceeded the 100-year flood level by more than 2 feet. the storm crippled our transportation system, what -- causing widespread flooding and power outage. we had no choice but to shutter most of our facilities. as soon as the storm subsided, we began assessing the damage. our port suffered extensive flooding that toppled cargo containers, washed out access roads, twisted rail track, barges and debris tossed about on peers and less...
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also in the aftermath of super storm sandy, here is "the new york post" this morning -- below that is a story with the headline -- our coverage today will continue, a review of fema's prepared this in the aftermath of hurricane sandy. that hearing will be live on 10:00 a.m. on c-span3 this morning with the fema administrator. back to your phone calls. a democratic caller, good morning to you. caller: yes. good morning. i just have a few things to say. the government could put a freeze on a lot of things. if they puts a freeze on these things, i would give the peopl e time to spend money. also, they are talking about medicare. i don't understand why medicare has to be a big thing. i pay medicare every month. $100 comes out of my check for medicare. i am not understanding why medicare is such a big problem when we have paid into medicare. the government is not giving us anything. that is all i wanted to say. host: the front page of "the washington post" -- itss about aarp anand lobbying efforts. that is an "the washington post" today about the aarp. here is the politico story. it says h
also in the aftermath of super storm sandy, here is "the new york post" this morning -- below that is a story with the headline -- our coverage today will continue, a review of fema's prepared this in the aftermath of hurricane sandy. that hearing will be live on 10:00 a.m. on c-span3 this morning with the fema administrator. back to your phone calls. a democratic caller, good morning to you. caller: yes. good morning. i just have a few things to say. the government could put a freeze...